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Regulation and the Revolution in United States Farm Productivity

Regulation and the Revolution in United States Farm Productivity

Paperback

Series: Studies in Economic History and Policy: USA in the Twentieth

Business GeneralEconomics20th Century United States History

ISBN10: 0521528453
ISBN13: 9780521528450
Publisher: Cambridge University Press
Published: Jul 25 2002
Pages: 328
Weight: 1.09
Height: 0.81 Width: 6.16 Depth: 8.96
Language: English
Since the 1930s, U.S. agriculture has undergone a revolution in productivity. Sally Clarke explains how government activity, from support for research to price supports and farm credit programs, created a climate favorable to rapid gains in productivity. Regulation stabilized prices, introduced new sources of credit, and caused tool manufacturers and private creditors to revise their business strategies. Competitive farmers took advantage of these new conditions to invest in expensive technology and achieve new gains in productivity.

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